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Add deal initial

[Music] in this video we will review the additional information section instead of the initial setup tab because of the differences found in many lending models auto pal software makes it easy to organize information that is not used in loan calculations for this purpose inside of each loan there's a section labeled additional information there are several pre-populated fields in this area additional fields can be made by creating a custom field it is helpful to track additional information because you can populate these values in custom forms to access the additional information section navigate inside an individual loan and then select the initial setup tab this section does not require input in any specific field unless a required custom field is added we will now review the available fields net amount down this field is used to track an amount down on a piece of collateral paid by a client sales price the initial sales price of a specific item taxes this field is used to track sales tax estate tax or other items related to the deal gap insurance this field is used to track the amount or value of the gap policy if applicable warranty this field is used to check the value or cost of a warranty if applicable and diller profit this field is used to track the direct profit of a specific deal Reserve amount this field is used to track a reserve amount placed on an account if applicable in addition to pre-populated fields in a section you can also add custom fields if custom fields are added they will continue to list out to the right across the additional information section this has been a brief overview of the additional information section under the initial setup tab